Castlelake secures $782 million for credit fund
Castlelake Income Opportunities II will invest in areas including European commercial real estate, transitional bridge lending in North America, specialty finance and secured aviation related lending

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Private equity firms are becoming CLO converts: TwentyFour
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense"

Angelo Gordon makes senior hire to cater to insurance company investors
Angelo Gordon is expanding into investment solutions for insurance companies after hiring from JP Morgan 

Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Waterfall pair earn promotion to partner
Waterfall Asset Management says it has appointed a residential loan specialist and a structured credit investor to partner 

LP round up: private credit takes big slice of inflows as 10% portfolio share projected for 2026
Institutional investors revealed nearly $4 billion allocations to credit funds in July, with recipients including Angelo Gordon, Apollo, Ares, BlackRock, Brookfield, CarVal, Comvest, Deerpath, KKR, Schroders and Sixth Street

Credit funds at a glance (August 2022)
A round up of fundraising and people moves in credit
   

Balbec collects $1.5 billion for fifth mortgage and consumer loan fund
Balbec will invest through a new fund across residential, commercial, and consumer whole loan portfolios and across the performance spectrum including “assets subject to bankruptcy or other structured repayment plans"

Fund managers join forces on US asset-based lending platform
Castlelake has teamed up with Aequum Capital Founder to launch an asset-based lending platform, which will lend in ticket sizes of $1-10 million

BlackRock closes £1.7 billion private debt fund with wide mandate for UK pensions
The firm has deployed around 60% of the fund, which invests across US and European direct lending, US and European real estate debt and the firm’s global opportunistic strategy

Taconic adds CMBS specialist to team in New York
Taconic Capital has boosted its CMBS business with an experienced hire

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

"If anything is to be salvaged from the rest of 2022, the economy needs a hero — and quickly"
Something has gotta give as a recession looms in the US. Might it be energy?

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit  

CLO investors show more signs of optimism than other ABS: Barclays
CLO investors attending the Global ABS conference in Barcelona were more upbeat than those that work in residential mortgage-backed securities and other ABS, say Barclays securitised credit strategists. But the overall mood was sombre

ArrowMark targets $300 million for commercial real estate
ArrowMark Partners is targeting $300 million for a structured finance real estate fund

Credit funds at a glance (June 2022)
A round up of fundraising and people moves in credit
 
   

Kayne Anderson closes $1.87 billion real estate debt fund
Kayne Anderson has closed a fourth real estate debt fund at $1.875 billion, surpassing its intitial $1.5 billion target 

Credit funds at a glance (May 2022)
A round up of fundraising and people moves in credit